UBID - an IPO spinoff of Creative Computers Message Board

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Technology Stocks : UBID - an IPO spinoff of Creative Computers

UBID 3.000

0.0%

Jan 21 4:00 PM EST

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To: Lucky888 who wrote (521)	9/27/1999 6:06:00 PM
From: Mr. Big	of 581

Here it is -->> UBid (UBID: news, msgs) gained 6 15/16 to 30 3/16 after Merrill Lynch upgraded the company to a near-term "buy" from "accumulate" with a 12-month price target of $50. In a note to clients, Henry Blodget pointed out that UBid was trading at an "inexpensive" 0.5 times 2000 revenue projections. Blodget called UBid the leader in business-to-consumer auctions with upside potential as it enters the business-to-business auction marketplace. According to Forrester Research, online auctions will be a $65 billion business by 2002, with B2B activity accounting for $53 billion of that opportunity.

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